Prologis rises on 2025 adj. core FFO forecast raise
ReutersJul 16, 2025 1:54 PM
Shares of warehouse-focused REIT Prologis PLD.N rise 4% to $113 in early trading
Co raises lower end of its 2025 adjusted core funds from operations (FFO) forecast, as customers resumed leasing after U.S. tariffs forced a slowdown in April
PLD lifts annual adjusted core FFO/share to $5.80-$5.85 from $5.70-$5.86, above analysts' expectation of $5.63/share, according to data compiled by LSEG
Co posts Q2 revenue of $2.18 bln above analysts' avg. estimate of $2.08 bln
Also reports Q2 core FFO of $1.46/share, compared with analysts' estimate of $1.41/share
Including session moves, stock up 7% YTD
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